ORLANDO, Fla.--(BUSINESS WIRE)--Sentio
Healthcare Properties, Inc. (together with its subsidiaries,
“Sentio” or the “REIT”), a real estate investment trust focused on
healthcare-related real estate, today announced the signing of a
definitive agreement with an affiliate of leading global investment firm
Kohlberg Kravis Roberts & Co. L.P. (together with its affiliates “KKR”).
Subject to the terms of the agreement, KKR has committed to provide $150
million of convertible preferred equity to Sentio over the next two to
three years.

KKR will invest with Sentio’s current shareholders in the REIT,
including the existing portfolio. Proceeds will be used to fund new
acquisitions, enabling Sentio to continue to expand its diversified
portfolio of healthcare real estate while maintaining control over the
execution of its investment strategy.

John Mark Ramsey, President and CEO of Sentio, commented, “We are very
excited to have an industry leader like KKR as a long-term partner who
can help us access new opportunities through its vast network of
relationships. We believe KKR’s financial commitment and real estate and
capital markets capabilities will complement Sentio’s industry expertise
to help us drive meaningful shareholder value in the coming years.”

About Sentio Healthcare Properties, Inc.

Sentio Healthcare Properties, Inc.is a public, non-listed, real
estate investment trust which invests exclusively in healthcare-related
real estate, and is committed to delivering strong and reliable returns
to investors. The Company features a diversified portfolio of senior
housing and medical properties throughout the United States. Their
portfolio offers diversity in many areas including asset type,
geographic location, operators and payor mix. The REIT is led by a team
of healthcare real estate industry veterans at Sentio Investments, LLC,
the REIT’s advisor. Their core objective is to tailor a capital
structure that complements the operating platform of developers and
owner/operators, recognizing that each is unique in its approach and
service to the healthcare industry. (www.sentiohealthcareproperties.com)

Forward-Looking Statements and Securities Act Legends

Certain statements in this release containing the words “believes,”
“expects,” and similar words, are “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve risks and uncertainties that may
cause actual results to differ materially from results expressed or
implied by forward-looking statements. Such factors include, among
others: economic and business conditions, nationally and in regions in
which Sentio will operate, relating to healthcare-related real estate;
the availability of suitable investments at the relevant time; and
whether all conditions to any drawdown of the committed funding can be
satisfied at the relevant time. Given these uncertainties, you are
cautioned not to place undue reliance on such forward-looking
statements. Sentio disclaims any obligation to update any of the
forward-looking statements contained herein to reflect future events or
developments.

The securities referenced in this release have not been registered under
the Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption from
registration requirements. This release is not an offer to sell, or a
solicitation of an offer to buy, any security.